Bank of New York Mellon Corp Boosts Stock Position in Spire Inc. $SR

Bank of New York Mellon Corp increased its holdings in Spire Inc. (NYSE:SR) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 797,644 shares of the utilities provider’s stock after purchasing an additional 19,115 shares during the period. Bank of New York Mellon Corp owned approximately 1.35% of Spire worth $58,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SR. State of New Jersey Common Pension Fund D grew its stake in shares of Spire by 0.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 25,636 shares of the utilities provider’s stock worth $1,871,000 after buying an additional 152 shares in the last quarter. Signaturefd LLC raised its position in shares of Spire by 21.7% during the 1st quarter. Signaturefd LLC now owns 914 shares of the utilities provider’s stock valued at $72,000 after buying an additional 163 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Spire by 5.5% in the 1st quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider’s stock valued at $287,000 after acquiring an additional 193 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Spire by 4.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,210 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 214 shares during the last quarter. Finally, Walleye Capital LLC grew its position in Spire by 5.2% in the first quarter. Walleye Capital LLC now owns 4,352 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Spire in a research report on Wednesday, October 8th. Stifel Nicolaus set a $81.00 target price on Spire and gave the company a “hold” rating in a research report on Tuesday, July 15th. BTIG Research upgraded Spire to a “strong-buy” rating in a report on Wednesday, October 22nd. UBS Group raised their price target on Spire from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Mizuho lifted their price objective on shares of Spire from $83.00 to $93.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Spire presently has an average rating of “Moderate Buy” and a consensus price target of $86.08.

Spire Trading Down 0.1%

Shares of NYSE SR opened at $89.57 on Tuesday. Spire Inc. has a fifty-two week low of $64.44 and a fifty-two week high of $90.27. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.50 and a beta of 0.72. The business’s 50 day moving average price is $82.11 and its 200-day moving average price is $77.42.

About Spire

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.